Estonia (EST) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Estonia-Ecuador Trade: In 2022, Estonia exported $32.1M to Ecuador. The main products that Estonia exported to Ecuador were Refined Petroleum ($16.5M), Coal Tar Oil ($10.1M), and Nitrogenous Fertilizers ($3.08M). Over the past 5 years the exports of Estonia to Ecuador have increased at an annualized rate of 56.4%, from $3.43M in 2017 to $32.1M in 2022.

In 2022, Estonia did not export any services to Ecuador.

Ecuador-Estonia Trade: In 2022, Ecuador exported $11.8M to Estonia. The main products that Ecuador exported to Estonia were Cocoa Beans ($4.46M), Bananas ($1.9M), and Cocoa Paste ($1.63M). Over the past 5 years the exports of Ecuador to Estonia have decreased at an annualized rate of 8.24%, from $18.1M in 2017 to $11.8M in 2022.

In 2022, Ecuador did not export any services to Estonia.

Comparison In 2022, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Estonia exported $32.1M to Ecuador. The main products exported from Estonia to Ecuador were Refined Petroleum ($16.5M), Coal Tar Oil ($10.1M), and Nitrogenous Fertilizers ($3.08M). During the last 5 years the exports of Estonia to Ecuador have increased at an annualized rate of 56.4%, from $3.43M in 2017 to $32.1M in 2022.

In 2017, Ecuador exported $11.8M to Estonia. The main products exported from Ecuador to Estonia were Cocoa Beans ($4.46M), Bananas ($1.9M), and Cocoa Paste ($1.63M). During the last 5 years the exports of Ecuador to Estonia have decreased at an annualized rate of 8.24%, from $18.1M in 2022 to $11.8M in 2017.

Exports from Estonia () to Ecuador () (2022)

Exports from Ecuador () to Estonia () (2022)

Latest Data

Trade between Estonia () and Ecuador ()

Estonia Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

Ecuador
Top DestinationUnited States$9.86B

This map shows whether countries import more from Estonia or Ecuador. Each country is colored based on the difference in imports they receive from Estonia and Ecuador or the difference in the growth in imports.

In 2022, countries that imported more from Estonia than Ecuador included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

In 2022, countries that imported more from Ecuador than Estonia included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

Difference in imports from Ecuador () and Estonia () (2022)

Comparative Advantage Estonia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Estonia and Ecuador by product, considering products traded by both, Estonia and Ecuador.

During 2022, Estonia had a large net trade with Ecuador in the exports of Mineral Products ($26.9M), Chemical Products ($3.09M), and Foodstuffs ($1.57M).

During 2017, Ecuador had a large net trade with Estonia in the exports of Foodstuffs ($7.79M), Vegetable Products ($3.05M), and Animal Products ($712k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Estonia and Ecuador. This means that a dot/product with the flag of Estonia indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Estonia.

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Historical Data

Bilateral Trade by Products

Exports from Estonia () to Ecuador () (2022)

Exports from Ecuador () to Estonia () (2022)

Latest Data

Trade between Estonia () and Ecuador ()

Estonia Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Estonia () (2022)

Comparative Advantage Estonia - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Estonia () and Ecuador () (2022)

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